Chapter One Federal Government - Minnesota State Legislature

State Executive Offices Chapter Two
STATE EXECUTIVE AGENCIES
STATE EXECUTIVE COUNCIL
2nd Floor, Administration Bldg., St. Paul 55155, (651)296-1424
Law provides: that the council consists of the governor, lieutenant governor, secretary of state,
state auditor, and attorney general. The council designates state depositories; approves mineral leases,
extensions of timber permits, and sale and disposal of certain state lands; acts as a calamity
board and may grant emergency relief (Minnesota Statutes, Chapter 9).
LAND EXCHANGE BOARD
Minnesota Department of Natural Resources, 500 Lafayette Rd., St. Paul 55155, (651)296-0237
Law provides: for the governor, attorney general, and state auditor to approve unanimously the
exchange of state public lands for publicly or privately owned lands (Minnesota Constitution,
Article XI section 10; Minnesota Statutes, Section 94.341–.349).
STATE BOARD OF INVESTMENT
60 Empire Dr., Suite 355, St. Paul 55103
Law provides: for a board comprised of the governor, state auditor, secretary of state, and the attorney
general to administer and direct the investment of all state funds. The board is responsible for
the investment, purchase, and sale of securities for statewide pension funds, trust funds, and cash
accounts. An advisory council advises the board and the executive director on general policy and
investment management. Minnesota statutes prescribe the types of securities in which funds may be
invested by the board and include provisions to insure the quality of investments (Minnesota
Constitution, Article XI; Minnesota Statutes, Chapter 11A).
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Chapter
Two
State Executive Offices